Missouri § 30.240 - Moneys and credits, how held and disbursed — interest, how credited.
Full text of Missouri Revised Statutes of Missouri § 30.240 — Moneys and credits, how held and disbursed — interest, how credited., with citation guidance and answers to common questions.
§ 30.240. Moneys and credits, how held and disbursed — interest, how credited.
The state treasurer shall hold all state moneys, all deposits thereof, time as well as demand, and all obligations of the United States government in which such moneys are placed for the benefit of the respective funds to which they belong and disburse the same as authorized by law. Unless otherwise provided by law, all yield, interest, income, increment, or gain received from the time deposit of state moneys or their investment in obligations of the United States government shall be credited by the state treasurer to the general revenue.
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(RSMo 1939 § 13082, A.L. 1945 p. 1977 § 34, A.L. 1945 p. 1990 § 34, A.L. 1957 p. 484, A.L. 1982 S.B. 497)
Prior revisions: 1929 § 11465; 1919 § 13375; 1909 § 11876
(1973) This section requires state treasurer to hold investments made from state road fund for the benefit of that fund, and includes interest from such investments in view of Art. IV, § 30(b), Constitution of Missouri. State Highway Commission v. Spainhower (Mo.). 504 S.W.2d 121.
---- end of effective 28 Aug 1982 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 30.240
What does Revised Statutes of Missouri § 30.240 cover?
Section 30.240 ("Moneys and credits, how held and disbursed — interest, how credited.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 30.240?
A common citation format is "Revised Statutes of Missouri § 30.240" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 30.240 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.